Walt Disney Co. released fiscal second-quarter results after
the closing bell Tuesday, psoting profits that missed
estimates as revenue declines in its movie studio and theme
parks, as well as losses from the tsunami in Japan,
overshadowed gains made in its television segment.

In the three months ended April 2nd, Disney said it earned $942
million, or 49 cents a share, a 1.2 percent decline from
earnings of $953 million a year earlier. Analysts taking
part in a recent Bloomberg poll had projected the Burbank-based
media giant would report earnings of 58 cents a share, on
average.

The massive earthquake and tsunami that struck Japan on March
11th had an impact on Disney's theme park unit, as it collects
licensing fees from the Tokyo Disney resort, and the unit's
earnings fell 3.3 percent. Walt Disney, the world's
largest operator of theme parks, said that its U.S parks were
impacted by the late Easter break this year. The
company's movie studio, meanwhile, failed to follow up the
success of last year's “Alice In Wonderland,” and the studio's
earnings were down 65 percent.

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